Q Bing X D2L Chapter 6 Lab 24F - 24F --Finan x WP Question 6 of 9 - Chapter 6 Lab X + X C 2% education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c6d2685f-c25a-4091-85c8-8151a64f3c98#/question/5 K Question 6 of 9 -/10 1 : View Policies Current Attempt in Progress Sheridan Games reported the following information for a three-year period: 2024 2023 2022 Ending inventory $22,800 $34,200 $38,760 Sales 142,500 145,920 131,100 Cost of goods sold 71,250 72,960 $5,550 Profit 34,200 47,880 45,600 (a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2024 and 2023. (Round number of days answers to O decimal places, e-g. 52 and other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2024 2023 Inventory turnover times times Days sales in inventory days days Gross profit margin 9% % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Based on this information, does the company's liquidity appear to be improving or deteriorating? 15.C Q Search 11:38 PM Mostly cloudy N o ENG CMS 2024-11-04Q Bing X D2L Chapter 6 Lab 24F - 24F --Finan x WP Question 6 of 9 - Chapter 6 Lab X + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=c6d2b85f-c25a-4091-85c8-8151a64f3c98#/question/5 K Ending inventory $22,800 $34,200 $38,760 Sales 142,500 145,920 131,100 Cost of goods sold 71,250 72,960 65.550 Profit 34,200 47,880 45,600 (a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2024 and 2023. (Round number of days answers to O decimal places, e.g. 52 and other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2024 2023 Inventory turnover times times Days sales in inventory days days Gross profit margin % % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Based on this information, does the company's liquidity appear to be improving or deteriorating? The company's liquidity appears to be e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer 15.C ENG 11:38 PM Mostly cloudy Q Search CMS 2024-11-04